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Sensex today: Indian shares were muted on Friday, as investors remained cautious after a weak revenue outlook from HCLTech Ltd and ahead of the quarterly earnings of the country’s top firm by market capitalisation, Reliance Industries.

Among the frontline stocks, ITC and TCS logged strong gains even as auto, metal and realty stocks slid amid selling pressure.

ITC surpassed HDFC in terms of market capitalisation to become the 7th most valued firm in India. The stock gained 1.9 per cent at Rs 408.

TCS too moved up 1.8 per cent today. Among the other IT peers, Wipro and HCL Technologies also gained over a per cent each, while Infosys edged 0.3 per cent higher.

On the flip side, Tech Mahindra was the top loser among the Sensex 30 stocks, down over 2 per cent. The stock has shed 9 per cent in the last five trading sessions amid downgrades by Citi and JP Morgan.

Maurti Suzuki, Tata Steel, UltraTech Cement, Tata Motors, Bajaj Finserv, IndusInd Bank, ICICI Bank and Bharti Airtel declined 1-2 per cent each.

The S&P Sensex swung in a narrow band of 368 points before settling at 59,655, up 23 points. The NSE Nifty 50 ended almost unmoved at 17,624.

The broader markets ended with marginal losses. The BSE Midcap index was down 0.4 per cent, and the Smallcap 0.3 per cent.

Sectorally, the BSE Realty index cracked 2 per cent. The Auto and Metal indices slipped a per cent each. On the positive front, the FMCG index advanced 0.8 per cent, and the IT index added 0.6 per cent.

Vinod Nair, Head of Research at Geojit Financial Services, said: “Mounting uncertainty in both global and domestic markets has kept Indian equities highly volatile. Weak signals of a softening job market and declining manufacturing activity in the US have raised fears of a possible recession. Despite the RBI MPC’s unanimous decision to pause rates, its minutes revealed that its members continue to hold concerns about high inflation. However, the market received some support towards the closing bell from the IT and FMCG sectors, facilitating its recovery.”

Global Cues

Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. Overnight figures showed more Americans filing claims for jobless benefits and manufacturing activity in the mid-Atlantic region slumping to its lowest level in nearly three years.

Tokyo stocks opened lower on Friday, tracking falls on Wall Street, where auto sector woes pressured the market.The benchmark Nikkei 225 index was down 0.24 percent, or 68.01 points, at 28,589.56 in early trade, while the broader Topix index lost 0.35 percent, or 7.11 points, to 2,032.62.

Major US stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates.

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Sensex Today: Indian benchmark indices steadied themselves on Thursday as investors assessed Q4 earnings and global cues. The S&P BSE Sensex quoted at 59,595, up 27 points or 0.05 per cent, in early deals, while the Nifty50 held above 17,600-mark.

Individually, Titan, Ultratech Cement, Asian Paints, Tata Motors, Bajaj Finserv, ITC, and M&M were the large-caps that lifted the benchmarks.

Meanwhile, in the broader market, the BSE MidCap and SmallCap indices added 0.03 per cent and 0.19 per cent, respectively.

Among stocks, ICICI Securities tumbled 5 per cent after the company has reported a 22.8 per cent year-on-year decline in consolidated profit at Rs 262.7 crore for quarter ended March FY23.

Mastek shares, on the other hand, advanced 3.7 per cent as the IT services company recorded a 13.07 per cent sequential growth in consolidated profit at Rs 72.6 crore for March FY23 quarter. Revenue for the quarter grew by 7.7 per cent QoQ to Rs 709.2 crore with growth across operations.

That apart, Tata Communications shares were up 1 per cent. The company has registered a 10.7 per cent year-on-year decline in consolidated profit at Rs 326 crore for Q4FY23. Revenue for the quarter grew by 7.2 per cent YoY to Rs 4,569 crore.

As regards sectors, the Nifty Pharma index was down 0.37 per cent, while the Nifty Auto was up 0.2 per cent. All other indices were flat on either side.

Global Cues

Asian stocks edged lower on Thursday, while the dollar was on the back foot as investors remained cautious ahead of an expected 25 basis point hike in interest rates by the U.S. Federal Reserve next month.MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.16% lower, while Japan’s Nikkei was up 0.07%. Australia’s S&P/ASX 200 index was 0.07% lower.

Tokyo shares opened lower on Thursday following recent gains as investors parsed US corporate earnings announcements for new cues.The benchmark Nikkei 225 index slipped 0.53 percent, or 152.94 points, to 28,453.82 while the broader Topix index sagged 0.52 percent, or 10.51 points, to 2.029.73.

The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares.

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Sensex Today: Indian indices opened on a flat note on April 19 on the back of mixed global cues. The Sensex was down 79.57 points or 0.13% at 59,647.44, and the Nifty was down 21.70 points or 0.12% at 17,638.50. About 1168 shares advanced, 659 shares declined, and 114 shares unchanged.

Global Cues

Tokyo shares opened nearly flat on Wednesday after US stocks barely moved overnight as investors watched corporate earnings reports.The benchmark Nikkei 225 index eased 0.03 percent, or 8.10 points, to 28,650.73 in early trade, while the broader Topix index added 0.02 percent, or 0.31 points, to 2,041.20.

The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear.

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Sensex Today: The key benchmark remained under selling pressure for the second straight day. Among the frontline indices, the S&P BSE Sensex declined 534 points in intra-day deals, from a high of 60,113 to a low of 59,579. The BSE benchmark finally ended 184 points lower at 59,727. The NSE Nifty 50 slipped 47 points to 17,660.

PowerGrid Corporation dropped 2.3 per cent and was the top loser among the Sensex 30 shares. UltraTech Cement, Reliance Industries and Titan declined 1-2 per cent each. On the other hand, IndusInd Bank and HCL Technologies rallied over 2 per cent each. Nestle India and Wipro were the other major gainers.

The broader indices outperformed, with the BSE Midcap index up 0.5 per cent, and the Smallcap index adding 0.2 per cent.

Rupee Closing

Indian rupee ended lower at 82.04 per dollar on Tuesday against Monday’s close of 81.97.

Global Cues

Globally, investors await a slew of economic data out of China, most notably, its first quarter gross domestic product.

Australia’s S&P/ASX 200 was down 0.29 per cent, while South Korea’s Kospi fell 0.37 per cent. Hong Kong’s Hang Seng Index was 0.71 per cent lower, while Japanese markets seemed to be the outlier in the region, with the Nikkei 225 was up 0.61 per cent.

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Sensex Today: Indian benchmark indices plunged sharply to a low of 59,442 in early deals on Monday dragged by Infosys. The IT bellwether slumped 12 per cent to hit a 52-week low at Rs 1,219 on reporting a disappointing set of Q4 numbers, with net down 6.9 per cent on a sequential basis. The spillover effect saw the IT index slide as much as 4.7 per cent.

However, buying interest in FMCG and banking shares helped the benchmark indices recoup some of the lost ground. The S&P BSE finally ended 520 points lower at 59,911. In the process, it snapped its 9-day winning streak in which the index had rallied 2,816 points.

The NSE Nifty 50 recovered smartly from a low of 17,574, but yet ended with a loss of 121 points at 17,707.

Among the Sensex 30 shares, Infosys signed-off with a heavy loss of 9.4 per cent. Tech Mahindra, HCL Technologies, Wipro and TCS shed 2-5 per cent. Larsen & Toubro, NTPC and the HDFC twins were the other major losers.

HDFC Bank, which declared its earnings over the weekend, was down 1.7 per cent. Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with HDFC.

The broader indices outperformed the benchmark indices. The BSE Midcap index gained 0.5 per cent, while the Smallcap index added 0.2 per cent. The overall breadth too was marginally positive, with 1,850 shares advancing versus 1,730 declining stocks on the BSE.

Global Cues

Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering.

Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season.

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The S&P BSE Sensex bounced back 349 points from the day’s low to end at 60,431, up 38 points or 0.06 per cent. The Nifty50, too, scalped gains of 16 points to settle at 17,828.

Late buying in financial stocks catapulted benchmark indices into the positive territory on Thursday, with IndusInd Bank, Bajaj Finserv, Axis Bank, Kotak Bank, Bajaj Finance, ICICI Bank rising up to 3 per cent. Besides, gains in Power Grid, Tata Motors, SBI, Asian Paints, and ITC, too, supported the sentiment.

That said, selling pressure in IT counters capped gains in the frontline indices. Infosys, Tech M, HCL Tech, and TCS fell between 1.5 per cent and 3 per cent today.

In the broader markets, the BSE MidCap and SmallCap indices outran their large-cap peers with gains of up to 0.3 per cent.

Vinod Nair, Head of Research at Geojit Financial Services, said: “Indian shares experienced a downturn, weighed down by IT stocks following weak quarterly earnings and a cautious outlook from the top IT firm, which flagged apprehensions over deferred spending and uncertainty in its BFSI segment. The decrease in CPI inflation to 5.66% in India, coupled with the moderation of core inflation, supports the decision of the MPC to keep policy rates on hold. While US inflation cooled to 5.0%, anxieties grew globally after the FOMC minutes hinted at a possible “mild recession” due to the impact of banking turmoil.”

Markets will remain shut on Friday on account of Ambedkar Jayanti

Global Cues

Overnight in the US, the Dow and S&P500 declined 0.11 per cent and 0.4 per cent, respectively, while the Nasdaq fell 0.85 per cent.

Asian indices edged lower in early trade this morning with Hang Seng dropping 2 per cent. Nikkei, S&P/ASX 200, and Straits times also fell up to 0.3 per cent.

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Equity markets remained listless in trade rising to the day’s high levels in the last few minutes, as investors await CPI inflation. The benchmark S&P BSE Sensex closed at 60,393, up 235 points or 0.39 per cent. The Nifty50 index, meanwhile, shut shop at 17,812, up 90 points or 0.5 per cent.

In the broader markets, the BSE MidCap and BSE SmallCap indices gained 0.57 per cent and 0.41 per cent, respectively.

Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19. Within the lot, Divis Labs surged 9,65 per cent, Laurus Labs 7 per cent, Aurobindo Pharma 3.5 per cent, and Biocon 3 per cent.

Nifty IT, and Auto indices were other top gainers as they advanced around 1 per cent each.

Vinod Nair, Head of Research at Geojit Financial Services, said: “The domestic market exhibited cautiousness in anticipation of the release of various economic data and the upcoming Q4 earnings season. The IT sector drove the optimism in the market as investors await the earnings releases of sector majors. Despite expectations of a cooling down of CPI inflation to below the RBI’s upper tolerance level, the persistence of sticky core inflation remains a concern.”

Global Cues

Asian equities inched lower on Wednesday ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve’s monetary policy path, with markets wagering another hike in interest rates at the central bank’s next meeting.MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.17% lower in choppy trading. Japan’s Nikkei was 0.49% higher, while Australia’s S&P/ASX 200 index rose 0.65%.

Tokyo shares opened higher Wednesday following gains on Wall Street, while investors awaited the release of US inflation data later in the day.The benchmark Nikkei 225 index rose 0.23 percent, or 64.86 points, to 27,988.23 in early trade, while the broader Topix index added 0.61 percent, or 13.52 points, to 2,005.37.

Wall Street stocks ended mixed on Tuesday, losing steam late in the session as investors awaited crucial inflation data and the unofficial kick-off of first-quarter reporting season.

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Sensex Today: Domestic markets opened on a firm note in Monday’s trade, amid mixed global cues. Nifty50 climbed over 30 points to trade above 17,600 levels, whereas the S&P BSE Sensex advanced over 100 points to trade around 59,957 levels.

Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 per cent.

All sectors started trade in a positive territory, with Nifty Realty index gaining the most – over 1 per cent.

Among individual stocks, shares of Tata Motors rallied over 6 per cent after Jaguar Land Rover registered a 30 per cent year-on-year (YoY) growth in retail sales at 1.02 lakh units for the quarter ended March FY23.

Global Cues

Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month.MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan’s Nikkei gained 0.5%. Australian, Hong Kong and European markets are closed for Easter. E-mini futures for the S&P 500 were flat.

Tokyo stocks opened higher on Monday as concerns over slowing economic growth eased after closely watched US jobs data met market expectations.The benchmark Nikkei 225 index was up 0.53 percent, or 145.52 points, at 27,663.83 in early trade, while the broader Topix index added 0.61 percent, or 12.06 points, to 1,977.50.

Major US stock indexes ended higher on Thursday, helped by a rally in Alphabet shares as investors, worried about a slowing economy, looked to upcoming jobs data.

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Sensex Today: Domestic markets opened higher in Wednesday’s trade, despite mixed global cues.

Key indices Nifty50 climbed over 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex advanced over 150 points to trade around 59,281 levels.

Broader markets, however, were mixed as Nifty Smallcap 100 index outperformed Nifty Midcap 100 index.

Sectorally, Nifty Financial Services index gained the most – over 0.6 per cent. Nifty Metal, Nifty IT, and Nifty Healthcare indices, meanwhile, remain bogged down in trade.

Global Cues

Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar.

Tokyo stocks opened lower Wednesday as weaker US jobs data drove down New York shares, while the yen’s strength also weighed on the market.The benchmark Nikkei index fell 0.61 per cent or 171.60 points to 28,115.82 while the broader Topix index lost 0.79 per cent or 16.07 points to 2,006.69.

Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn.

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Sensex Today: Indian equity indices opened on a positive note on April 3 with Nifty above 17,400.

The Sensex was up 95.96 points or 0.16% at 59,087.48, and the Nifty was up 30.00 points or 0.17% at 17,389.80. About 1537 shares advanced, 530 shares declined, and 130 shares unchanged.

ONGC, Eicher Motors, Maruti Suzuki, Hero MotoCorp, HDFC Life were among major gainers on the Nifty, while losers were BPCL, Asian Paints, Adani Enterprises, Hindalco Industries and HUL.

Global Cues

Tokyo shares opened higher on Monday following global market rallies as data showed inflation slowing in the eurozone and the United States.The benchmark Nikkei 225 index rose 0.58 percent, or 161.87, to 28,203.35 at the open, while the broader Topix index climbed 0.57 percent, or 11.51 points, to 2,015.01.

Wall Street rallied more than 1% on Friday and the Nasdaq notched its biggest quarterly percentage gain since June 2020, as signs of cooling inflation bolstered hopes the Federal Reserve might soon end its aggressive interest rate hikes.

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